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20110701
20110731
Search Results 0 to 5 of about 6 (some duplicates have been removed)
we don't make big cuts. >> john: if you can't pay workers' salaries. what is our future going to be? cuts so draconian you need a chainsaw to make them or sweat shops. we have choices to make. >> john: our government keeps spending. we're already $14.5 trillion in debt but you could say, so what. look around, america is doing pretty well. what is the worst that can happen? >> well, this could happen. these protests happened when greece with was so far in debt they had trouble borrowing money. an economist at the mercada center, she says greek riots is just the most visible. >> greeks still go on and they still serve. >> if you wanted to borrow money for a house or car, the interest rates will be dramatically high. >> greece spends so much by last year they owed more money than their entire economy produced. no wonder they are in trouble. we won't reach that level of debt until, oops, pretty soon. we're on a clear track to a greece type crisis. >> when there is no more money, there is just no more money. >> john: the federal government can print money. >> federal government can print
him and it's still separated by advocates of big spending the wonderful things government should do. >> it's a project of national significance. we've got no projects on the menu right now and we have to figure out if we are still a country this that can think this big. >> john: i think the advocates of big spending are winning. most people think that government has to control economies. >> here we have the examples of the opposite. for the current situation this was caused by the free market when you have a fannie and freddie and regulations and federal reserve pumping in with cheap credit, the best thing is five investment props properties and have no job. that is crony capitalism at its worst. >> john: thank you. the election season is under way and now we're going to get those ugly, nasty campaign ads. worse than ever i'm told. but that is myth, too. do you want to see a really nasty campaign mudslinging? that is next. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars.
to demand, you are contributing more to this problem or as much to this problem of the big deficit. >> government cannot create wealth. come on. we have come out three years where government by spending massive amounts it could create jobs and create wealth and you've seen that. >> history is full of examples. reagan saw tax cuts and growing economy. clinton years saw tax hikes and a growing economy. but don't confuse with causation it's cumulation of trillions of goods, services and money. no one person, no president and no economist can predict with certainty where a tax policy leads. wrong predictions are a foundation of economic study. >> the size of economics is looking what the unintended consequences. >> one unintended consequence is tax on luxury goods in the early 1990s. the law imposed extra taxes on jewelry of $10,000 of cars of over $30,000 and boats of over $100,000. it was seen as a way of raising revenue by targeting people that could most afford it, the wealthy. the pleasure boat industry laid off 19,000 blue collar workers. so economists offer answers but few guara
't start either one of them. we don't need to go in to the wars. i haven't been a big fan of iraq war. that war was cost us almost $2 trillion. the afghanistan and iraq war is winding down. office management of budget office has looked at this and said if you take a trillion dollars and lower the debt and allow us to take additional $200 billion in interest savings, that is what we have in our bill. it's all been done by non-partisan congressional budget office. i can't imagine the fact they have voted for it, 230 republicans voted for that in the budget. 40 republicans voted for it. why is it something suddenly they don't want? (question is inaudible). >> your math is terrific. we got 60. the issue has been for a week or so a trigger. yes, the joint committee doesn't come up with a result. what should happen. we've been willing to say that we're happy if we don't arrive at the budget goals with the joint committee that certain things should happen. we've been willing to say that there could be a sequestration as long as it included revenues. it's unfair to make it a spending bill whe
Search Results 0 to 5 of about 6 (some duplicates have been removed)